Franco-Nevada (TSE:FNV) Given New C$205.00 Price Target at BMO Capital Markets

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price cut by equities researchers at BMO Capital Markets from C$207.00 to C$205.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 23.84% from the stock’s previous close.

Several other equities analysts have also recently issued reports on FNV. Eight Capital raised their price target on Franco-Nevada from C$190.00 to C$200.00 and gave the company a “buy” rating in a report on Monday, April 22nd. National Bankshares reduced their target price on shares of Franco-Nevada from C$172.50 to C$170.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 7th. Veritas Investment Research boosted their price target on shares of Franco-Nevada from C$149.00 to C$173.00 in a research note on Friday, April 12th. Raymond James reduced their price objective on shares of Franco-Nevada from C$146.00 to C$138.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Finally, Bank of America lifted their target price on shares of Franco-Nevada from C$186.00 to C$190.00 in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$188.33.

Franco-Nevada Price Performance

Shares of TSE FNV traded down C$2.05 during trading on Thursday, reaching C$165.54. The company had a trading volume of 177,036 shares, compared to its average volume of 369,300. Franco-Nevada has a 52 week low of C$139.19 and a 52 week high of C$217.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 23.26 and a current ratio of 41.21. The business’s 50 day moving average price is C$157.96 and its 200-day moving average price is C$156.47. The stock has a market cap of C$31.81 billion, a PE ratio of -49.79, a PEG ratio of 5.00 and a beta of 0.63.

Franco-Nevada (TSE:FNV) (NYSE:FNV) last posted its quarterly earnings data on Tuesday, March 5th. The company reported C$1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.07 by C$0.16. The firm had revenue of C$412.95 million for the quarter. Franco-Nevada had a negative return on equity of 7.65% and a negative net margin of 38.33%. Analysts expect that Franco-Nevada will post 4.2780116 earnings per share for the current year.

Insider Activity at Franco-Nevada

In related news, Director Paul Brink sold 3,445 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of C$158.93, for a total transaction of C$547,513.85. In other news, Senior Officer Eaun Harrison Gray sold 330 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$156.69, for a total value of C$51,707.70. Also, Director Paul Brink sold 3,445 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$158.93, for a total value of C$547,513.85. Over the last ninety days, insiders sold 16,839 shares of company stock valued at $2,686,396. Insiders own 0.69% of the company’s stock.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.